Press Metal Aluminium Holdings Bhd (XKLS:8869) Momentum Rank : 7 (As of May. 12, 2024)

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What is Press Metal Aluminium Holdings Bhd Momentum Rank?

Press Metal Aluminium Holdings Bhd has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Press Metal Aluminium Holdings Bhd's Momentum Rank

For the Aluminum subindustry, Press Metal Aluminium Holdings Bhd's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Press Metal Aluminium Holdings Bhd's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Press Metal Aluminium Holdings Bhd's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Press Metal Aluminium Holdings Bhd's Momentum Rank falls into.

Press Metal Aluminium Holdings Bhd Momentum Rank Related Terms

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Press Metal Aluminium Holdings Bhd (XKLS:8869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Press Metal Aluminium Holdings Bhd (XKLS:8869) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PSSMF:USA

Address

No. 2, Jalan Setia Prima S U13/S, Suite 61 & 62, Setia Avenue, Setia Alam Seksyen U13, Shah Alam, MYS, 40170

Website

https://www.pressmetal.com

Press Metal Aluminium Holdings Bhd manufactures and sells extruded aluminum and other aluminum products to customers worldwide. The company operates in two segments based on function. The Smelting and extrusion segment, which generates the vast majority of revenue, purchases aluminum scrap and produces extruded aluminum and aluminum alloys for industrial customers. The Trading segment markets aluminum products. Press Metal has two customers that each account for over 10% of the firm's revenue. The majority of Press Metal's revenue comes from Asia and Europe.

Press Metal Aluminium Holdings Bhd (XKLS:8869) Headlines

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